iShares MSCI South Africa ETF (NYSEARCA:EZA) Stock Cross Above Fifty Day Moving Average – Should You Sell?

Shares of iShares MSCI South Africa ETF (NYSEARCA:EZA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $46.17 and traded as high as $48.50. iShares MSCI South Africa ETF shares last traded at $48.16, with a volume of 66,226 shares.

iShares MSCI South Africa ETF Price Performance

The company has a market capitalization of $361.20 million, a PE ratio of 12.04 and a beta of 0.76. The stock has a 50-day simple moving average of $46.17 and a 200 day simple moving average of $46.23.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of iShares MSCI South Africa ETF by 16.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,910 shares of the exchange traded fund’s stock worth $206,000 after acquiring an additional 700 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in iShares MSCI South Africa ETF during the 4th quarter worth about $402,000. SG Americas Securities LLC increased its position in iShares MSCI South Africa ETF by 13.0% during the 1st quarter. SG Americas Securities LLC now owns 11,966 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 1,378 shares in the last quarter. Mount Lucas Management LP raised its stake in iShares MSCI South Africa ETF by 7.7% in the 4th quarter. Mount Lucas Management LP now owns 19,591 shares of the exchange traded fund’s stock valued at $821,000 after purchasing an additional 1,400 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in iShares MSCI South Africa ETF in the 4th quarter valued at about $1,411,000.

About iShares MSCI South Africa ETF

iShares MSCI South Africa ETF, formerly iShares MSCI South Africa Index Fund (the Fund), is an exchange traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the South African market, as measured by the MSCI South Africa Index (the Index).